# In the matter of Wave Megacity Centre Pvt Ltd Vs Union of India & Ors WP (C) 163-2019

> SC judgment dated 2019-02-18. Citation: TCN-2019-SC-00090. The case involves a writ petition filed in the Supreme Court of India, challenging proceedings…

- **Court:** SC
- **Order date:** 18 Feb 2019
- **Citation:** TCN-2019-SC-00090
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/wave-megacity-centre-pvt-ltd-vs-union-of-india-ors-wp-9f6c9de9

## Summary

### Background

The case involves a writ petition filed in the Supreme Court of India, challenging proceedings before the National Company Law Tribunal (NCLT), Principal Bench, New Delhi. Several connected writ petitions are also listed for hearing.

## Facts

Wave Megacity Centre Pvt. Ltd. filed a writ petition in the Supreme Court of India against Union of India & Ors. Several connected writ petitions were also listed for hearing. The petitioner sought a stay on the proceedings before the National Company Law Tribunal, Principal Bench, New Delhi. The Supreme Court heard the counsel and issued notice to the respondents. The Court granted a stay on further proceedings before the NCLT.

## Issues and analysis

### Issue 1: Whether the Supreme Court should grant a stay on the proceedings before the National Company Law …

**Ratio:** The power of the Supreme Court to grant a stay order is discretionary and is exercised to

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**Reasoning:** The Court reasoned that a stay was necessary to prevent further proceedings in the NCLT,

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**Interpretation:** This involves interpreting the scope of the Supreme Court's power under Article

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**Application:** The ratio and reasoning were applied to the specific facts of the case,

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## Parties

- **Judges:** ROHINTON FALI…; Vineet…
- **Appellants:** Wave Megacity…
- **Respondents:** UNION OF INDIA &…
- **Advocates:** Gopal Sankarnaraya…; Kunal V…; +10 more

## Timeline

- **2019-02-18 — Hearing…**: The writ petitions were called on for…

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